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    5 Replies Latest reply on Dec 5, 2008 6:08 AM by jimpaul007

    New line of credit

    toolworxed Newbie

      We are an 11-year old technology business located in Michigan that has had a loan with a local bank for years and have always made our payments on time. The note was on an annual renewal basis and the bank just decided not to renew our note. As such, we need to come up with a replacement note (current note is secured by CDs and real estate) as soon as possible in order to pay off the current note. We just started looking into financing alternatives, but with the current credit crisis and being in Michigan, that has been rather challenging. Does anyone know of any legitimate sources for a new line of credit?